KBC Group NV Lowers Position in UDR, Inc. (NYSE:UDR)

KBC Group NV lowered its stake in shares of UDR, Inc. (NYSE:UDR) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 284,427 shares of the real estate investment trust’s stock after selling 23,885 shares during the period. KBC Group NV owned approximately 0.09% of UDR worth $12,346,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC lifted its position in UDR by 4,436.2% during the third quarter. International Assets Investment Management LLC now owns 44,228 shares of the real estate investment trust’s stock valued at $2,005,000 after buying an additional 43,253 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in shares of UDR by 1,665.3% in the third quarter. Los Angeles Capital Management LLC now owns 369,448 shares of the real estate investment trust’s stock worth $16,751,000 after buying an additional 348,520 shares during the period. MQS Management LLC acquired a new position in UDR during the 3rd quarter worth approximately $712,000. JPMorgan Chase & Co. raised its stake in shares of UDR by 5.0% during the third quarter. JPMorgan Chase & Co. now owns 7,774,541 shares of the real estate investment trust’s stock valued at $352,498,000 after purchasing an additional 368,087 shares during the period. Finally, BSN CAPITAL PARTNERS Ltd acquired a new stake in UDR during the 3rd quarter valued at $10,987,000. 97.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UDR. Jefferies Financial Group downgraded UDR from a “buy” rating to a “hold” rating and lowered their target price for the company from $50.00 to $45.00 in a research note on Thursday, January 2nd. Barclays cut their price target on shares of UDR from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Royal Bank of Canada decreased their price objective on shares of UDR from $46.00 to $45.00 and set a “sector perform” rating for the company in a report on Tuesday, November 5th. Wells Fargo & Company cut their price objective on UDR from $48.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, Scotiabank lowered their price target on UDR from $49.00 to $48.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, UDR presently has an average rating of “Hold” and a consensus target price of $46.06.

UDR Stock Down 1.0 %

Shares of UDR stock opened at $40.87 on Thursday. The company has a debt-to-equity ratio of 1.69, a current ratio of 5.91 and a quick ratio of 5.91. UDR, Inc. has a 1-year low of $34.19 and a 1-year high of $47.55. The business’s fifty day moving average price is $43.23 and its two-hundred day moving average price is $43.43. The company has a market capitalization of $13.49 billion, a P/E ratio of 110.47, a PEG ratio of 11.03 and a beta of 0.89.

UDR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 9th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 4.16%. The ex-dividend date is Friday, January 10th. UDR’s payout ratio is currently 459.47%.

UDR Company Profile

UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.